M SUCCES: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
M SUCCES
Largest movements
- Tangible fixed assets -€6,818
down €6,818 (-88.6%), from €7,696 to €878
- Receivables within one year -€1,828
down €1,828 (-69.8%), from €2,619 to €791
of which Trade receivables: -€1,828
- Stocks and contracts -€268
down €268 (-32.3%), from €830 to €562
- Cash +€217
up €217 (+12.0%), from €1,811 to €2,028
mainly Other debts (+€19,525) and Depreciation (+€6,818)
- Profit (loss) carried forward -€22,907
down €22,907 (-22.3%), from -€102,803 to -€125,710
- Other debts +€19,525
up €19,525 (+20.9%), from €93,361 to €112,885
- Tax, wage and social debts -€4,161
down €4,161 (-90.7%), from €4,587 to €427
of which Remuneration and social security: -€4,200
- Trade debts -€1,153
down €1,153 (-42.5%), from €2,711 to €1,558
- Gross operating margin +€8,013
up €8,013 (+34.8%), from -€23,057 to -€15,045
- Financial charges -€258
down €258 (-61.9%), from €417 to €159
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,405 | €7,709 | -€8,696 | -53.0% |
| Fixed assets | 21/28 | €11,146 | €4,328 | -€6,818 | -61.2% |
| Tangible fixed assets | 22/27 | €7,696 | €878 | -€6,818 | -88.6% |
| Furniture and vehicles | 24 | €7,696 | €878 | -€6,818 | -88.6% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €5,259 | €3,381 | -€1,878 | -35.7% |
| Stocks and contracts in progress | 3 | €830 | €562 | -€268 | -32.3% |
| Stocks | 30/36 | €830 | €562 | -€268 | -32.3% |
| Amounts receivable within one year | 40/41 | €2,619 | €791 | -€1,828 | -69.8% |
| Trade receivables | 40 | €2,475 | €647 | -€1,828 | -73.9% |
| Other amounts receivable | 41 | €144 | €144 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,811 | €2,028 | +€217 | +12.0% |
| Total equity and liabilities | 10/49 | €16,405 | €7,709 | -€8,696 | -53.0% |
| Equity | 10/15 | -€84,254 | -€107,161 | -€22,907 | -27.2% |
| Contributions | 10/11 | €18,549 | €18,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,803 | -€125,710 | -€22,907 | -22.3% |
| Amounts payable | 17/49 | €100,659 | €114,870 | +€14,211 | +14.1% |
| Amounts payable within one year | 42/48 | €100,659 | €114,870 | +€14,211 | +14.1% |
| Trade debts | 44 | €2,711 | €1,558 | -€1,153 | -42.5% |
| Suppliers | 440/4 | €2,711 | €1,558 | -€1,153 | -42.5% |
| Taxes, remuneration and social security | 45 | €4,587 | €427 | -€4,161 | -90.7% |
| Taxes | 450/3 | €387 | €427 | +€39 | +10.2% |
| Remuneration and social security | 454/9 | €4,200 | - | -€4,200 | |
| Other amounts payable | 47/48 | €93,361 | €112,885 | +€19,525 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,818 | €6,818 | = | 0.0% |
| Other operating charges | 640/8 | €725 | €886 | +€160 | +22.1% |
| Gross operating margin | 9900 | -€23,057 | -€15,045 | +€8,013 | +34.8% |
| Operating profit (loss) | 9901 | -€30,600 | -€22,748 | +€7,852 | +25.7% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €417 | €159 | -€258 | -61.9% |
| Recurring financial charges | 65 | €417 | €159 | -€258 | -61.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,013 | -€22,907 | +€8,106 | +26.1% |
| Profit (loss) for the period | 9904 | -€31,013 | -€22,907 | +€8,106 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,013 | -€22,907 | +€8,106 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.